Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) Trading 5.2% Higher

Empresa Distribuidora y Cmrz Nrt SA (NYSE:EDN)’s stock price traded up 5.2% during mid-day trading on Friday . The stock traded as high as $6.02 and last traded at $5.86, 116,200 shares traded hands during mid-day trading. An increase of 35% from the average session volume of 86,297 shares. The stock had previously closed at $5.57.

Several research analysts have recently issued reports on the company. Zacks Investment Research upgraded Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research report on Monday. ValuEngine upgraded Empresa Distribuidora y Cmrz Nrt from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

The company has a fifty day simple moving average of $5.73 and a two-hundred day simple moving average of $8.88. The company has a quick ratio of 0.80, a current ratio of 0.88 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $257.87 million, a P/E ratio of 1.71 and a beta of 0.92.

Empresa Distribuidora y Cmrz Nrt (NYSE:EDN) last posted its earnings results on Wednesday, November 13th. The utilities provider reported $0.12 earnings per share for the quarter. The firm had revenue of $489.69 million for the quarter. Empresa Distribuidora y Cmrz Nrt had a return on equity of 29.74% and a net margin of 16.49%. As a group, equities analysts forecast that Empresa Distribuidora y Cmrz Nrt SA will post 4.93 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new position in Empresa Distribuidora y Cmrz Nrt during the second quarter worth about $104,000. State Street Corp lifted its holdings in Empresa Distribuidora y Cmrz Nrt by 11.7% during the third quarter. State Street Corp now owns 56,300 shares of the utilities provider’s stock worth $396,000 after acquiring an additional 5,900 shares in the last quarter. Morgan Stanley lifted its holdings in Empresa Distribuidora y Cmrz Nrt by 264.3% during the second quarter. Morgan Stanley now owns 23,585 shares of the utilities provider’s stock worth $428,000 after acquiring an additional 17,111 shares in the last quarter. Banco Santander S.A. bought a new position in Empresa Distribuidora y Cmrz Nrt during the third quarter worth about $194,000. Finally, Northern Trust Corp bought a new position in Empresa Distribuidora y Cmrz Nrt during the second quarter worth about $574,000. Hedge funds and other institutional investors own 6.23% of the company’s stock.

Empresa Distribuidora y Cmrz Nrt Company Profile (NYSE:EDN)

Empresa Distribuidora y Comercializadora Norte Sociedad Anónima, a public service company, engages in the distribution and sale of electricity in Argentina. It serves approximately 8.5 million people in the northwestern part of the greater Buenos Aires metropolitan area and the northern part of the City of Buenos Aires through the concession of 4,637 square kilometers.

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